Limited companies

This area contains important information for limited company directors and shareholders, including advice on buying a ''ready-made'' company, essential legal issues, tax saving and planning strategies and ideas on how to maximise the benefit of our services.

There is one main rate of corporation tax of 19%. The corporation tax rate reduces to 17% from 1 April 2020.

Although you can set up a limited company by buying a company online or 'off the shelf', it is usually advisable to seek our professional advice. There are so many options and pitfalls we strongly recommend working with us on your new business venture. Is it advisable to use a limited company? What are the tax benefits and consequences?

We are often asked, 'Should I form a limited company?' The reality is that there is no easy answer. Each situation has to be judged individually. Our guide provides an overview of some of the key issues relating to a business trading as a limited company.

It is essential that you keep your company's statutory records up-to-date. Do not underestimate the importance of these records - they are definitive proof of the company's legal existence and its members.

Our story, so far

In 1966 Martin Cordell, whose father-in-law and many other family members were Licensed London Taxi Drivers, saw how they struggled to deal with their taxation affairs. He decided to set up a business that could handle accounts for taxi drivers and other sole traders. He realised that it was pointless making it a complicated issue and that it had to be explained in a plain and easy to understand way.

So Martin Cordell and Co was born and today is the largest Taxi Drivers Accountants in London, handling thousands of Licensed Taxi Drivers' accounts using state of the art computer systems.